This minute covers the HHS revision of the Post-Payment Notice of Reporting Requirements as of June 11, 2021. This new version supersedes all previous versions of the Post-Payment Notice of Reporting Requirements documents.
Hello, Everyone, and Welcome to our Monday Minute. Today I want to talk to you about the new schedule that has been put out for the Provider Relief Funds reporting. Last year, in March, April, May and June 2020, pretty much everyone that was in business in 2019, received payments through the Health and Human Services Provider Relief Funds. Those are funds, that technically you’re going to get to keep, assuming that you’re able to report the use of those funds for qualified expenses that were related to treating patients during the pandemic. That Relief Fund situation has been crazy. We were originally told we were going to have to report mid-year to third quarter last year, and then that was put off, and then it was put off again. They opened the portal for you to register for reporting back in January 2021 and extended yet again, the time period in which reporting would occur. One very important factor that some agencies have missed evidently, is that originally, they said if you receive less than $150,000, in funds that you would not have to report. They have changed that now to $10,000. So, if you received even $10,000, in Provider Relief Funds, you will be required to report the use of those funds in order to not have to pay it back.
They did release a new schedule just last week. In that release, they set it across four periods, depending on the day that you received the Provider Relief Funds. The reporting period is going to begin on July 1 for the very first recipients of the Provider Relief Funds last year, so if you received Provider Relief Funds from April 10 to June 30, 2020, you will have to begin reporting July 1 and that reporting window is open from July 1 through September 30. The deadline to use funds, meaning the use of those funds, was good from the time that you started using them last year through June 30. Depending on when you receive the funds is going to determine the deadline for you to use the funds. If you received the money from July to December of last year, you’ll have through December 31,2021 to use those funds and the reporting for that will be January 1 through March 31, 2022. There are two more periods to look at and review. I’m not going to go through those in detail in this minute today, but I did want you to be aware that a schedule is officially out.
Thank you again for participating today. Make sure you stay tuned to your State and National Home Care Associations and look at the registrations for those live conferences that are occurring this summer and fall that we are so excited about. Thank you again and have a fabulous week.
REGISTER HERE for: NAHC FMC21